According to CNN, DDMG, which is co-owned by Oscar-winning film director James Cameron, had been struggling financially for some time now, despite its lauded special effects work for a string of blockbuster movies that include Titanic, Pirates of the Caribbean, Transformers, and The Curious Case of Benjamin Button.

Indeed, there were high hopes that the music business would provide a more consistent revenue stream for Digital Domain, which was rumored to be planning a similar hologram treatment for deceased rock & roll legend Elvis Presley. Searchlight Capital Partners are now set to buy Digital Domain for $15 million, pending a court approval of the transaction.